Listed below are the Regular/Annual Bonuses that will be added to our With-Profits range from 1 April 2024 (unless otherwise stated below). These rates don't include any Final/Terminal or Additional Bonuses that may apply. Please see your product literature for more information about how the bonus applies to your product.
We can’t predict the future. Past performance isn’t a guide to future performance. The rate of future bonuses in the With-Profits Funds and the rate of growth in the unit price can't be guaranteed.
This leaflet explains the With-Profits Pension Annuity Bonus Declaration for 2024.
Product
|
Regular Bonus Rate |
||
---|---|---|---|
2024 (%) |
2023 (%) |
Change (%) |
|
Prudence Bond (Optimum Return) both No Initial Charge and Initial Charge versions (bonuses added from 1st March 2024) |
2.25 |
1.75 |
0.50 |
Prudence Bond (Optimum Bonus) both No Initial Charge and Initial Charge versions (bonuses added from 1st March 2024) |
2.75 |
2.25 |
0.50 |
Prudence Prospects Bond (Optimum Return) (bonuses added from 1st March 2024) |
1.85 |
1.35 |
0.50 |
Prudence Prospects Bond (Optimum Bonus) (bonuses added from 1st March 2024) |
2.35 |
1.85 |
0.50 |
Prudential International Investment Bond (Sterling Fund) (bonuses added from 1st March 2024) |
1.75 |
1.75 |
- |
Prudential International Investment Bond (Euro Fund) (bonuses added from 1st March 2024) |
1.25 |
1.25 |
- |
Prudential International Investment Bond (US$ Fund) (bonuses added from 1st March 2024) |
1.25 |
1.25 |
- |
Pru Generation (bonuses added from 1st March 2024) |
2.35 |
2.35 |
- |
PSA/PIB (Fund over £2) (bonuses added from 1st March 2024)⁸ |
2.25 |
1.75 |
0.50 |
PSA/PIB (Fund under £2) (bonuses added from 1st March 2024)⁸ |
1.25 |
0.75 |
0.50 |
Prudential OB Life1 (bonuses added from 1st April 2024) |
1.00/2.00 |
0.80/1.50 |
0.20/0.50 |
Product
|
Regular Bonus Rate |
||
---|---|---|---|
2024 (%) |
2023 (%) |
Change (%) |
|
Personal Pensions4 |
3.00 |
2.00 |
1.00 |
Personal Pensions9 |
2.75 |
1.75 |
1.00 |
Prudential Personal Retirement Plan1 |
0.10/0.25 |
0.10/0.25 |
-/- |
Flexible Retirement Plan (pre 07/11/11) |
2.75 |
1.75 |
1.00 |
Trustee Investment Plan - Series A (01/01/03 - 07/11/11)10 |
3.00 |
2.00 |
1.00 |
Flexible Retirement Plan and Trustee Investment Plan - Series A (post 07/11/11) |
2.55 |
1.55 |
1.00 |
Product
|
Regular Bonus Rate |
||
---|---|---|---|
2024 (%) |
2023 (%) |
Change (%) |
|
Prudential With-Profits Annuity (bonuses added from 6th April 2024) |
1.75 |
0.75 |
1.00 |
Former Equitable Life With-Profits Annuity |
0.50 |
0.00 |
0.50 |
Flexible Lifetime Annuity & Flexible Income Drawdown Plan (bonuses added from 6th April 2024) |
1.75 |
0.75 |
1.00 |
With-Profits Annuity Bonus Declaration 2024
Former Equitable Life With-Profits Annuity Bonus Declaration 2024
Income Choice Annuity Bonus Declaration 2024
Product |
Regular Bonus Rate |
||
---|---|---|---|
2024 (%) |
2023 (%) |
Change (%) |
|
Additional Voluntary Contributions (AVC) Cash Accumulation6 (bonuses added from 15th March 2024) |
2.50 |
1.50 |
1.00 |
Additional Voluntary Contributions (AVC) Cash Accumulation6- New bonus series introduced in 20197 (bonuses added from 15th March 2024) |
2.50 |
1.50 |
1.00 |
Defined Contribution (DC) Cash Accumulation6 (bonuses added from 15th March 2024) |
2.50 |
1.50 |
1.00 |
Defined Benefit (DB) Cash Accumulation6 (bonuses added from 15th March 2024) |
2.00 |
1.00 |
1.00 |
Unitised Group Pensions2 (bonuses added from 6th April 2024) |
3.00 |
2.00 |
1.00 |
Exempt With-Profits Fund 11A (Pru Bulk S32 or Pru Company Transfer Plan (bonuses added from 1st April 2024) |
2.75 |
1.75 |
1.00 |
Exempt With-Profits Fund 11B (Pru Bulk S32 or Pru Company Transfer Plan (bonuses added from 1st April 2024) |
2.50 |
1.50 |
1.00 |
The Scottish Amicable Insurance Fund (SAIF) is closed to new business and all of the surplus of its assets over its liabilities is used to provide enhancements to pay-outs to the SAIF With-Profits Policies.
On 1st April 2021, the SAIF merged with the Prudential With Profits Sub Fund.
You can find out more at: pru.co.uk/saifmerger
Product
|
Regular Bonus Rate |
||
---|---|---|---|
2024 (%) |
2023 (%) |
Change (%) |
|
Flexipension (1st series)1 |
0.10/0.25 |
0.10/0.25 |
-/- |
Superannuation (2nd series)1 |
0.10/0.25 |
0.10/0.25 |
-/- |
Principal1 |
1.00/0.75 |
0.70/1.25 |
0.30/0.50 |
Group Pensions |
0.25 |
0.25 |
-/- |
Flexidowment (2nd series)1 |
0.80/1.95 |
0.60/1.45 |
0.20/0.50 |
Home Purchaser 2 & 3, and Amicable Savings Plan (Net With-Profits Fund 1)3 |
2.50/2.50 |
2.00/2.00 |
0.50/0.50 |
Product |
2024 |
2024 |
2023 |
2023 |
Change |
---|---|---|---|---|---|
Scottish Amicable Life Assurance Society policies (SAIF) |
Pre 2006 investments (%) |
Post 2005 investments (%) |
Pre 2006 investments (%) |
Post 2005 investments (%) |
% |
Exempt With-Profits Fund 1 |
4.00 |
4.00 |
4.00 |
4.00 |
-/- |
Exempt With-Profits Fund 2 |
4.00 |
4.00 |
4.00 |
4.00 |
-/- |
Exempt With-Profits Fund 3 |
3.00 |
3.00 |
2.00 |
2.00 |
1.00/1.00 |
Exempt With-Profits Fund 3a |
4.00 |
3.00 |
4.00 |
2.00 |
-/1.00 |
Exempt With-Profits Fund 3b |
4.00 |
3.00 |
4.00 |
2.00 |
-/1.00 |
Exempt With-Profits Fund 4 |
4.00 |
3.00 |
4.00 |
2.00 |
-/1.00 |
Product
|
Regular Bonus Rate |
||
---|---|---|---|
2024 (%) |
2023 (%) |
Change (%) |
|
Ex-SAL Life policies (Net With-Profit Fund 2)3 |
2.25/2.25 |
1.75/1.75 |
0.50/0.50 |
Pensions With-Profits Funds (series 5&6 (including Trustee Investment Plan (1997)) |
3.125 |
2.125 |
1.00 |
Pensions With-Profits Funds(series 7&8 (including Trustee Investment Plan - Series A))5 |
3.00 |
2.00 |
1.00 |
Notes:
1 Where two rates are given, the first bonus rate applies to the guaranteed basic benefit and the second bonus rate applies to the existing regular/annual bonuses.
2 This includes:
The Prudential (2000) Personal Pension Scheme policies are entitled to bonuses from the Pensions With-Profits Fund.
The Bond 32 101 and Pension Transfer Plan Section 32 Buy Out products may have units designated to cover GMP in the With-Profits II Fund for which the rate will be 1% lower than the Unitised Group Pensions rate shown in the table above.
3 Where two rates are given, the first bonus rate applies to the basic units and the second bonus rate applies to the bonus units.
4 This category applies to members of the following schemes:
And holders of the following plans:
5 This category applies to all Ex-SAL Series A and Premier Plans (including TIP Series A) written before the transfer to Prudential on 01/01/2003.
6 Subject to a guarantee of 4.75% or 2.50% for certain earlier business.
7 AVC bonus series with guarantee charge that is currently no more than 4% for new AVC customers with effect from 15 March 2019, with deductions building up to this level over the first few years of the policy. The starting (2019) annual bonus rate for the new bonus series was the same as the existing AVC bonus series, and continue to remain so at Final 2024. It is possible the annual bonus rates for the two bonus series could diverge in the future.
8 With effect from 01/03/2020, the high tier bonus threshold was reduced from £6,000 to £2 implying all PSA/PIB business receive high tier bonuses for new money invested from that date going forward.
9 This category applies to members of the following schemes:
And holders of the following plans:
10 This category also applies to members of the following schemes:
Annual bonus rates have either been increased or maintained at the same level as those declared last year.
Find out who is affected by the bonus rates announcement and how you can find out if it affects you.
The frequently asked questions give high level information about investments in With-Profits.